N.Z.I.G. plans 1:4 bonus
The directors of New Zealand Industrial Gases, Ltd, have announced that, subject to the necessary consents being obtained, they will recommend a one-for-four bonus issue to a general meeting of shareholders.
The Issue will be made from asset revaluation reserve and will be tax-free. The bonus shares issued to ordinary shareholders will participate in the final dividend normally to be declared in December, 1977. The holders of 1979 convertible notes will also participate in the bonus issue upon conversion of their notes in the ratio of one bonus ordinary share for each four convertible notes then held.
Details of the meeting and entitlement dates will be advised in due course.
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Bibliographic details
Press, 24 August 1977, Page 22
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114N.Z.I.G. plans 1:4 bonus Press, 24 August 1977, Page 22
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